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Canadian banks report earnings and dividend updates
Major Canadian financial institutions have released recent updates regarding earnings and dividends.
Scotiabank announced a dividend of $1.14 per outstanding common share, payable on October 28, 2026, to shareholders of record as of October 6, 2026. Shareholders may elect to receive dividends in common shares rather than cash under the Bank’s Shareholder Dividend and Share Purchase Plan.
BMO Financial Group reported third-quarter 2026 results with a reported net income of $1.75 billion, a 25% decrease from $2.33 billion in the prior year. This decline was primarily driven by a $1.09 billion charge related to the sale of its Transportation and Vendor Finance businesses. However, adjusted net income rose 19% to $2.859 billion, and adjusted earnings per share increased to $3.96.
Royal Bank of Canada (RBC) is currently experiencing short-term momentum weakness. While the stock remains in a long-term uptrend, it has recently traded below its 20-day and 50-day exponential moving averages ahead of its upcoming earnings report.
Entities
BMO Financial Group · Bank of Montreal · Cibc World Market Inc. · Elevance Health, Inc. · Geode Capital Management LLC · Maravai LifeSciences · Office of the Superintendent of Financial Institutions Canada · RBC Bearings Incorporated · Royal Bank of Canada · Scotiabank · State Street Corp · Toronto Stock Exchange